The Federal Government paid out more than $73 million in Economic Support Payments to people in Nicholls as part of a $8.8 billion national spend to help those struggling financially due to COVID-19.
The two $750 payments were paid automatically to people who were eligible in March and April, and again in July 2020.
A total of 97,706 payments were made in Nicholls, collectively putting $73,279,500 in the pockets of people who needed it the most. In terms of the amount paid out, this ranked Nicholls 22nd among Australia’s 151 federal electorates.
Federal Member for Nicholls, Damian Drum, welcomed the payments, saying they had made a significant difference in the lives of so many members of the Nicholls community who are doing it tough in the face of the global pandemic.
“I know a lot of people are doing it tough out there and I have been fighting hard to make sure our community remains supported thorough the devastating impacts of COVID-19,” Mr Drum said.
“These Economic Support Payments are part of the broader plan we are delivering to keep Australia moving forward.”
Treasurer Josh Frydenberg said the Federal Government is providing an unprecedented level of support totalling $314 billion to keep businesses in business and people in jobs.
“In addition to JobKeeper, cash flow boosts and other measures, the Government’s two $750 Economic Support Payments have injected almost $9 billion into the economy and provided an economic lifeline to millions of Australians at a time when they need it most,” Mr Frydenberg said.
“The Federal Government will continue to do what is necessary to cushion the blow and help Australians get to the other side of this once-in-a-century crisis.”
Minister for Government Services, Stuart Robert, said the package had helped support lower income Australians through uncertain times, buoying economic activity as a result.
“It was particularly pleasing to see pensioners and families make up the majority of the 7 million Australians who were paid the $750 Economic Support Payments to help them cope with the financial impacts of the pandemic,” Mr Robert said.
“Services Australia got these payments out the door quickly and efficiently with payments made directly into the bank accounts of Australians.”
In late March, the Government announced further targeted financial support which included the fortnightly Coronavirus Supplement for people on income support payments.
People who were eligible for the Coronavirus Supplement did not receive the second Economic Support Payment in July.
More information on the Economic Support Payment is available here.